Net interest income demonstrated significant momentum, climbing to $26.1 million by 2025Q4, while the efficiency ratio remained disciplined in the mid-40% range at 47.2% in 2026Q1.
Plumas Bancorp (PLBC) annual income statement — 25-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Net Interest Income | 95.01M | 88.43M | 73.69M | 69.79M | 58.51M | 46.93M | 38.4M | 37.55M | 33.09M | 27.94M | 24.08M | 21.41M | 19.45M | 17.93M | 17.15M | 16.82M | 17.53M | 19.18M | 20.08M | 21.75M | 22.53M | 20.7M | 17.2M | 15.4M | 14.21M | 12.61M |
| NII Growth % | 107.7% | 20% | 5.58% | 19.29% | 24.66% | 22.24% | 2.24% | 13.51% | 18.44% | 16.03% | 12.45% | 10.06% | 8.52% | 4.52% | 1.97% | -4.07% | -8.59% | -4.46% | -7.69% | -3.47% | 8.81% | 20.4% | 11.66% | 8.34% | 12.74% | - |
| Net Interest Margin % | 4.32% | 3.95% | 4.54% | 4.33% | 3.61% | 2.91% | 3.45% | 4.34% | 4.01% | 3.75% | 3.66% | 3.57% | 3.61% | 3.48% | 3.59% | 3.69% | 3.62% | 3.63% | 4.39% | 4.8% | 4.76% | 4.38% | 4.12% | 3.95% | 4.37% | 4.58% |
| Interest Income | 111.06M | 102.31M | 84.33M | 74.59M | 59.76M | 48.07M | 39.62M | 39.3M | 34.32M | 28.95M | 25.1M | 22.61M | 21.15M | 19.46M | 18.43M | 18.67M | 20.68M | 22.84M | 25.44M | 30.28M | 29.48M | 25.5M | 20.08M | 18.41M | 18.25M | 18.98M |
| Interest Expense | 16.05M | 13.88M | 10.63M | 4.8M | 1.25M | 1.14M | 1.23M | 1.75M | 1.24M | 1.02M | 1.02M | 1.2M | 1.69M | 1.53M | 1.27M | 1.85M | 3.15M | 3.65M | 5.36M | 8.54M | 6.95M | 4.79M | 2.91M | 3.01M | 4.04M | 6.37M |
| Loan Loss Provision | 6.27M | 6.85M | 1.2M | 2.77M | 1.3M | 1.13M | 3.17M | 1.5M | 1M | 600K | 800K | 1.1M | 1.1M | 1.4M | 2.35M | 3.5M | 5.5M | 14.5M | 4.6M | 800K | 1M | 1.1M | 750K | 750K | 825K | 725K |
| Non-Interest Income | 9.56M | 5.94M | -11.46M | 10.3M | 10.78M | 8.43M | 8.23M | 7.91M | 8.71M | 8.22M | 7.55M | 7.71M | 7.23M | 6.6M | 6.36M | 6.29M | 8.25M | 5.75M | 5.09M | 5.45M | 5.16M | 5.07M | 5.13M | 3.77M | 3.42M | 3.02M |
| Non-Interest Income % | 9.14% | 6.3% | -18.42% | 12.86% | 15.55% | 15.23% | 17.66% | 17.39% | 20.84% | 22.73% | 23.86% | 26.48% | 27.11% | 26.91% | 27.05% | 27.23% | 32% | 23.07% | 20.23% | 20.03% | 18.63% | 19.68% | 22.99% | 19.69% | 19.37% | 19.33% |
| Total Net Revenue | 104.57M | 94.37M | 62.23M | 80.09M | 69.28M | 55.37M | 46.63M | 45.46M | 41.8M | 36.15M | 31.62M | 29.12M | 26.69M | 24.53M | 23.51M | 23.11M | 25.78M | 24.93M | 25.17M | 27.2M | 27.69M | 25.78M | 22.33M | 19.18M | 17.63M | 15.63M |
| Revenue Growth % | 24.09% | 51.65% | -22.3% | 15.6% | 25.14% | 18.74% | 2.56% | 8.77% | 15.62% | 14.32% | 8.58% | 9.13% | 8.81% | 4.32% | 1.72% | -10.35% | 3.41% | -0.93% | -7.46% | -1.78% | 7.41% | 15.44% | 16.45% | 8.77% | 12.79% | - |
| Non-Interest Expense | 55.57M | 47.93M | 22.03M | 37.11M | 32.32M | 25.75M | 23.5M | 22.58M | 21.67M | 20.05M | 18.59M | 18.49M | 17.76M | 17.53M | 18.14M | 18.38M | 18.92M | 26.35M | 20.48M | 19.67M | 18.29M | 17.55M | 15.9M | 13.13M | 11.6M | 10.48M |
| Efficiency Ratio | 53.14% | 50.79% | 35.4% | 46.33% | 46.64% | 46.52% | 50.4% | 49.67% | 51.85% | 55.45% | 58.79% | 63.48% | 66.56% | 71.47% | 77.16% | 79.51% | 73.39% | 105.7% | 81.36% | 72.33% | 66.06% | 68.08% | 71.2% | 68.45% | 65.82% | 67.05% |
| Operating Income | 42.73M | 39.59M | 39M | 40.21M | 35.67M | 28.49M | 19.95M | 21.38M | 19.13M | 15.51M | 12.23M | 9.54M | 7.82M | 5.6M | 3.02M | 1.24M | 1.36M | -15.92M | 92K | 6.72M | 8.4M | 7.13M | 5.65M | 5.3M | 5.2M | 4.42M |
| Operating Margin % | 40.87% | 41.95% | 62.67% | 50.21% | 51.48% | 51.45% | 42.79% | 47.03% | 45.76% | 42.89% | 38.68% | 32.74% | 29.32% | 22.82% | 12.84% | 5.35% | 5.27% | -63.86% | 0.37% | 24.73% | 30.33% | 27.65% | 25.29% | 27.63% | 29.5% | 28.31% |
| Operating Income Growth % | - | 1.52% | -3.01% | 12.73% | 25.21% | 42.78% | -6.68% | 11.79% | 23.35% | 26.75% | 28.3% | 21.87% | 39.76% | 85.36% | 144.34% | -9.12% | 108.54% | -17405.43% | -98.63% | -19.92% | 17.82% | 26.23% | 6.57% | 1.9% | 17.51% | - |
| Pretax Income | 42.73M | 39.59M | 39M | 40.21M | 35.67M | 28.49M | 19.95M | 21.38M | 19.13M | 15.51M | 12.23M | 9.54M | 7.82M | 5.6M | 3.02M | 1.24M | 1.36M | -15.92M | 92K | 6.72M | 8.4M | 7.13M | 5.65M | 5.3M | 5.2M | 4.42M |
| Pretax Margin % | 40.87% | 41.95% | 62.67% | 50.21% | 51.48% | 51.45% | 42.79% | 47.03% | 45.76% | 42.89% | 38.68% | 32.74% | 29.32% | 22.82% | 12.84% | 5.35% | 5.27% | -63.86% | 0.37% | 24.73% | 30.33% | 27.65% | 25.29% | 27.63% | 29.5% | 28.31% |
| Income Tax | 10.53M | 9.97M | 10.38M | 10.44M | 9.22M | 7.48M | 5.48M | 5.87M | 5.13M | 7.32M | 4.76M | 3.72M | 3.09M | 2.17M | 1.07M | 295K | 389K | -6.78M | -212K | 2.5M | 3.2M | 2.6M | 2M | 2.02M | 2.05M | 1.67M |
| Effective Tax Rate % | 24.65% | 25.19% | 26.62% | 25.95% | 25.86% | 26.25% | 27.45% | 27.45% | 26.84% | 47.18% | 38.9% | 38.98% | 39.44% | 38.71% | 35.43% | 23.87% | 28.6% | 42.55% | -230.43% | 37.2% | 38.06% | 36.48% | 35.43% | 38.08% | 39.35% | 37.67% |
| Net Income | 32.2M | 29.62M | 28.62M | 29.78M | 26.44M | 21.01M | 14.47M | 15.51M | 13.99M | 8.19M | 7.47M | 5.82M | 4.74M | 3.43M | 1.95M | 941K | 971K | -9.15M | 304K | 4.22M | 5.2M | 4.53M | 3.65M | 3.28M | 3.15M | 2.76M |
| Net Margin % | 30.79% | 31.38% | 45.99% | 37.18% | 38.17% | 37.95% | 31.04% | 34.12% | 33.48% | 22.65% | 23.63% | 19.98% | 17.75% | 13.99% | 8.29% | 4.07% | 3.77% | -36.68% | 1.21% | 15.53% | 18.79% | 17.57% | 16.33% | 17.11% | 17.89% | 17.65% |
| Net Income Growth % | 8.99% | 3.49% | -3.89% | 12.6% | 25.87% | 45.14% | -6.69% | 10.86% | 70.86% | 9.57% | 28.46% | 22.79% | 38.09% | 75.95% | 107.23% | -3.09% | 110.62% | -3108.55% | -92.8% | -18.82% | 14.89% | 24.19% | 11.12% | 4.03% | 14.36% | - |
| Net Income (Continuing) | 32.2M | 29.62M | 28.62M | 29.78M | 26.44M | 21.01M | 14.47M | 15.51M | 13.99M | 8.19M | 7.47M | 5.82M | 4.74M | 3.43M | 1.95M | 941K | 971K | -9.15M | 304K | 4.22M | 5.2M | 4.53M | 3.65M | 3.28M | 3.15M | 2.76M |
| EPS (Diluted) | 4.55 | 4.54 | 4.80 | 5.02 | 4.47 | 3.76 | 2.77 | 2.97 | 2.68 | 1.58 | 1.47 | 1.15 | 0.95 | 0.75 | 0.26 | 0.05 | 0.06 | -2.05 | 0.06 | 0.84 | 1.02 | 0.89 | 0.73 | 0.66 | 0.64 | 0.57 |
| EPS Growth % | -4.45% | -5.42% | -4.38% | 12.3% | 18.88% | 35.74% | -6.73% | 10.82% | 69.62% | 7.48% | 27.83% | 21.05% | 26.67% | 188.46% | 420% | -16.67% | 102.93% | -3516.67% | -92.86% | -17.65% | 14.61% | 21.92% | 10.61% | 3.13% | 12.28% | - |
| EPS (Basic) | - | 4.60 | 4.85 | 5.08 | 4.53 | 3.82 | 2.80 | 3.01 | 2.74 | 1.64 | 1.54 | 1.21 | 0.99 | 0.76 | 0.26 | 0.05 | 0.06 | -2.05 | 0.06 | 0.85 | 1.04 | 0.92 | 0.75 | 0.68 | 0.66 | 0.58 |
| Diluted Shares Outstanding | 7.07M | 6.52M | 5.97M | 5.93M | 5.91M | 5.58M | 5.23M | 5.23M | 5.22M | 5.18M | 5.1M | 5.06M | 4.98M | 4.88M | 4.78M | 4.78M | 4.78M | 4.46M | 4.83M | 5M | 5.1M | 5.09M | 4.99M | 4.97M | 4.93M | 4.78M |
Quick answers to the most common questions about buying PLBC stock.
For fiscal year 2025, Plumas Bancorp (PLBC) reported total revenue of $94.4M. This represents a 503.8% increase compared to $15.6M in 2001.
Plumas Bancorp (PLBC) is profitable, generating $29.6M in net income for the fiscal year ending 2025 with a net profit margin of 27.4%.
Plumas Bancorp (PLBC) reported an operating income of $39.6M, resulting in an operating profit margin of 36.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Plumas Bancorp (PLBC) generated $87.5M in gross profit for the year, representing a gross profit margin of 80.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Geographic and sector concentration
Metrics are mathematically derived from official filings.
Net Interest Income Growth Acceleration
According to the provided quarterly financial data, Plumas Bancorp achieved a significant expansion in net interest income, which climbed to $26.1 million by 2025Q4, reflecting a robust upward trajectory that appears to be driven by successful loan repricing and strategic expansion into the Reno-Sparks corridor.
The sharp increase in NII growth suggests that the bank has successfully navigated the interest rate cycle by leveraging its sticky, rural-based deposit franchise. Investors should monitor whether this momentum can persist as the bank faces increased competition for commercial credits in more urbanized markets.
Stable Net Interest Margin Resilience
As reported in the bank's financial statements, the net interest margin has remained remarkably consistent at approximately 1.1% to 1.2% over the last ten quarters, indicating that the institution has effectively managed its funding costs despite broader volatility in the regional banking sector's interest rate environment.
This stability suggests that Plumas Bancorp maintains a favorable deposit beta, likely supported by its geographic lock in less competitive rural markets. The ability to preserve these margins while scaling loan volume implies a disciplined approach to asset-liability management that warrants further investigation.
Efficiency Ratio Reflects Operational Discipline
Based on the reported figures, the efficiency ratio has generally hovered in the mid-40% range, demonstrating that the bank maintains a lean operating structure despite the fixed-cost burdens inherent in its 14-branch network and the ongoing costs associated with its strategic expansion into Nevada.
The bank's ability to keep non-interest expenses contained while revenue grows suggests strong operating leverage. However, the potential for rising talent and real estate costs in the Reno market may pressure this ratio in future periods, requiring careful oversight by management.
Provisioning Volatility Masks Underlying Quality
Data from the income statement reveals significant fluctuations in provision for credit losses, including a notable $5.4 million charge in 2025Q3, which appears to be an outlier compared to the more modest provisioning levels observed in other quarters throughout the provided ten-quarter historical dataset.
This volatility may indicate the impact of the CECL accounting model rather than a fundamental deterioration in credit quality. Analysts should scrutinize whether these provisions reflect specific loan impairments in the agricultural or tourism sectors or simply a conservative adjustment to the bank's expected loss reserves.
SBA Lending Drives Fee Volatility
As indicated by the quarterly income statement, non-interest income remains a critical, albeit variable, component of the bank's earnings, with fee income percentages fluctuating significantly, reaching as high as 13.2% in 2025Q1 before moderating in subsequent periods as secondary market premiums for SBA loans shifted.
The reliance on SBA loan sales introduces a transactional element to the revenue stream that is sensitive to external market conditions. While this provides a high-margin boost, it creates earnings lumpiness that may complicate short-term performance forecasting for institutional investors.